Leading Edge Materials Updates ON Norra Kärr Mining Lease Application
NEWS RELEASE May 5, 2021
LEADING EDGE MATERIALS CORP.
1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7
[email protected] | www.leadingedgematerials.com
TSX.V: LEM | Nasdaq First North: LEMSE | OTCQB: LEMIF
TSX.V: LEM | Nasdaq First North: LEMSE | OTCQB: LEMIF
LEADING EDGE MATERIALS UPDATES ON NORRA KÄRR MINING
LEASE APPLICATION
Vancouver, May 5, 2021 – Leading Edge Materials Corp. (“Leading Edge Materials” or the
“Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) announces that it has
received confirmation from the Mining Inspectorate of Sweden ("Bergsstaten") that it has decided
against approving the current mining lease application (the “Decision”) for Norra Karr nr1 (the
"Project"). The Company will now evaluate appropriate measures with its legal advisers, the most
likely one being using its right to appeal the decision by Bergsstaten to the Government of Sweden.
The Company wishes to highlight the Decision is based on a 2013 design of the Project that is no
longer relevant since the Company is in the final stages of completing a redesign of the project with
a significant change in design and much reduced potential impact on any Natura 2000 areas. The
updated technical study will form the basis for the application of a mining lease.
Bergsstaten motivates their decision that their opinion is that a Natura 2000 permit is required prior
to Bergsstaten being able to evaluate the mining lease application. This opinion is debatable as
recently demonstrated by Boliden appealing a similar decision by the Government of Sweden (the
"Government") to the Supreme Administrative Court of Sweden (the "SAC") and more recently the
Swedish Parliament having voted through a statement to the Government that a Natura 2000 permit
should not be required at the stage of granting a mining lease.
Filip Kozlowski, CEO of Leading Edge Materials states "Acquiring a social license for the Norra Karr HREE
project is a prioritized matter for Leading Edge Materials and something we have diligently been focused
on since last year - taking into account feedback from Bergsstaten, the County Administrative Board and
those local stakeholders opposing the project - when redesigning it. We will continue these efforts
disregarding this recent procedural distraction since the Norra Karr project has never been more
important at a time where we are entering a period of exponential demand growth for magnet rare earths
for electric vehicles and wind turbines. Europe continues to be dependent on China to supply these critical
raw materials and there is a desperate need for more sustainable and resilient alternatives to enable
growth for European industrial value chains."
The Company continues to hold secure tenure over the Norra Karr project through the exploration
license Norra Karr nr1 which last year was granted an extension until August 2024, and subsequently
granted an additional year of extension until August 2025 due to a law change mitigating the effects
of Covid-19. The exploration license was later appealed and the appeals court of Luleå rejected the
appeal earlier this year, upon which the case has been appealed to the next instance which is
pending decision to grant leave of appeal. The extension of the exploration license remains in force
until a final ruling in the case has been made, and remains in force until a final ruling has been made
on the mining lease application.
The mining lease was granted by Bergsstaten in 2013 and in 2014 the Government upheld the
granting after an appeal against it. The Government's decision was subsequently appealed to the
SAC which in 2016 ruled to repeal the Government's decision at which point the Government handed
back the mining lease application to Bergsstaten for renewed evaluation. In 2019 the County
Administrative Board of Ostergotland (the "CAB") submitted an opinion to Bergsstaten that a Natura
2000 permit would be required prior to the mining lease.
The Company wishes to stress that the design of the Project currently being contemplated under
the denied mining lease application goes back to before 2013. Based on above stated events, further
consultation processes with Bergsstaten, the CAB and other stakeholders the Company has since
initiated work to redesign the Project with a focus on maximizing resource efficiency and minimizing
possible environmental impacts at the local site of the Project. This work is in its final stages and will
lead to a revised design of the Project to be evaluated towards a mining lease and any other required
permits.
On behalf of the Board of Directors,
Leading Edge Materials Corp.
Filip Kozlowski, CEO
For further information, please contact the Company at:
www.leadingedgematerials.com
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About Leading Edge Materials
Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical
raw material projects located in the European Union. Critical raw materials are determined as such
by the European Union based on their economic importance and supply risk. They are directly linked
to high growth technologies such as batteries for electromobility and energy storage and permanent
magnets for electric motors and wind power that underpin the clean energy transition towards
climate neutrality. The portfolio of projects includes the 100% owned Woxna Graphite mine
(Sweden), Norra Kärr HREE project (Sweden) and the 51% owned Bihor Sud Nickel Cobalt exploration
alliance (Romania).
Additional Information
This information is information that Leading Edge Materials Corp. (publ). is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for publication
through the agency of the contact person set out above, on May 5, 2021 at 7:57 am Vancouver time.
Leading Edge Materials is listed on the TSXV under the symbol “LEM”, OTCQB under the symbol
“LEMIF” and Nasdaq First North Stockholm under the symbol "LEMSE". Mangold Fondkommission
AB is the Company’s Certified Adviser on Nasdaq First North and may be contacted via email
[email protected] or by phone +46 (0) 8 5030 1550.
Reader Advisory
This news release may contain statements which constitute “forward-looking information” under
applicable Canadian securities laws, including statements regarding the potential success of an appeal
against the decision of Bergsstaten against the mining lease application, the ability to redesign the Project
in a manner that satisfies Bergsstaten, the CAB and other stakeholders, the outcome of the appeal process
relating to the exploration license extension, as well as plans, intentions, beliefs and current expectations
of the Company, its directors, or its officers with respect to the future business activities of the Company.
The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and
similar expressions, as they relate to the Company, or its management, are intended to identify such
forward-looking information. Investors are cautioned that any such forward-looking information is not a
guarantee of future business activities and involves risks and uncertainties, and that the Company’s future
business activities may differ materially from those in the forward-looking information as a result of
various factors, including, but not limited to, success of the appeals process, fluctuations in market prices,
successes of the operations of the Company, continued availability of capital and financing and general
economic, market or business conditions. There can be no assurances that such information will prove
accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The
Company does not assume any obligation to update any forward-looking information except as required
under the applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.